Redmond Asset Management LLC Purchases 725 Shares of Exxon Mobil Co. (NYSE:XOM)

Redmond Asset Management LLC grew its position in Exxon Mobil Co. (NYSE:XOM) by 10.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 7,478 shares of the oil and gas company’s stock after buying an additional 725 shares during the period. Redmond Asset Management LLC’s holdings in Exxon Mobil were worth $804,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil during the fourth quarter worth $36,000. Retirement Wealth Solutions LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth about $46,000. Compass Planning Associates Inc acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at about $47,000. Peterson Financial Group Inc. acquired a new position in Exxon Mobil in the third quarter worth about $51,000. Finally, Compass Financial Services Inc bought a new position in Exxon Mobil during the fourth quarter worth about $48,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.4 %

XOM stock opened at $111.18 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a twelve month low of $103.05 and a twelve month high of $126.34. The company has a market cap of $482.42 billion, a P/E ratio of 14.18, a PEG ratio of 3.02 and a beta of 0.89. The business has a fifty day moving average of $108.65 and a 200-day moving average of $114.44.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period in the prior year, the firm earned $2.48 EPS. As a group, equities research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be paid a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.56%. Exxon Mobil’s payout ratio is presently 50.51%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on XOM shares. TD Cowen lowered their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. HSBC lowered their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Argus raised Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Wells Fargo & Company lowered their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Finally, UBS Group dropped their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $129.25.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.